Schneider Electric does not have a parent company, as it is an independent publicly traded multinational corporation owned by its public shareholders, not a subsidiary of another corporation. Schneider Electric was founded in 1836 by brothers Adolphe and Joseph-Eugene Schneider in Le Creusot, France, as a steel and armaments company and has remained independent for nearly 190 years, growing through acquiring other companies rather than being acquired itself. It is listed on the Euronext Paris stock exchange under ticker SU and is a component of the CAC 40 index of the 40 largest French companies, meaning its owners are institutional investors like BlackRock, Vanguard, Amundi, and individual investors who buy its shares, with no single controlling owner. Schneider itself is the parent company for many well-known brands including Square D acquired in 1991 for panels and breakers sold at Home Depot, APC acquired in 2007 for UPS systems, Clipsal for wiring devices in Australia, Pelco for security cameras, and Aveva for industrial software. Some people mistakenly think Siemens or another giant owns Schneider, but it is independent and competes directly with Siemens, ABB, Eaton, and Legrand as one of the world's largest electrical equipment companies.
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